Management Principles - Essay Example

A leader and a manager. Leadership is one of the competencies that managers should possess; however, leaders are different from managers. For example, Thornton states, ‘the difference between managers and leaders is similar to the difference between architects and general contractors’ (2003, p.1)…

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This leader is actively involved in coaching, training, directing and supervising the team members’ performance. The team leader appreciates and recognizes good performance on a regular basis. Moreover, he provides feedback to the people that do not perform well or achieve the required targets. This team leader reports to a manager. The manager provides targets and directs what tasks to be performed. Very often, the manager takes all decisions related to work and staff members. The monthly and yearly targets and goals are decided by the manager. Although the manager monitors the work, he is not proactive in appreciating or rewarding good performance. The manager holds all authority in distribution and control of stationery and other facilities related stuff. Keen observation reveals that the team leader follows situational leadership style, as proposed by Hersey and Blanchard (Schermerhorn, 2009). The team leader keeps changing his style according to the situation. For example, he trains and coaches team members on the job and continuously monitors and encourages so that they achieve the required targets. He appreciates those that achieve or exceed their performance targets. He also delegates extra responsibilities to the good performers so that they are motivated. He involves all team members in important discussions related to work and/or tasks assigned by the manager.
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The report discovers that leadership is motivational in nature and management is mere organization. In the end, it also discusses on best practices on how to become an effective manager or leader in the current era. Management is a term that is interpreted and viewed in different ways by people belonging to different fields. This is why the term does not have any precise definition.

Innovation also requires high knowledge. Competition has resulted in decreased distances between nations and globalization. Improvements in information and technology have also resulted in innovation and competition. Increasing competition can decrease employee commitment and loyalty towards organisation; thus retention of experienced employees is a major challenge.

However, management has evolved from this concept and now incorporates more behavioral or human resource approach. These theories are based on the proposition that people are the most critical resources of an organization. Management has evolved from core managerial functions to managing people in the contemporary organizations.

These MNCs have great difficulty in implementing parent company management principles and policies framed in other parts of the world. Secondly, managers and other employees that are appointed for setting up businesses in other locations find it extremely difficult to understand and adapt to the cultures of new locations.

o be given long-term employment guarantees in exchange for no-strike agreements, thus protecting the company’s interests in regards to disruptive labour organisations. Today, however, there are considerable risks to the lifetime employment guarantee from a legal perspective, a

In other words, strategic workforce planning can get a company direct access to its required skills and knowledge in order to undertake required business activities and decision making. The planning also takes serious account of the business risks

Consider possible partnerships with international consultants who can assist with cultural and social factors.
Before any proposal for strategy and the establishment of international management division for the global expansion of Monster Healthcare Company could

We will be establishing our company to cater to this demand, by providing such a variety of food that people would relish eating.
Our mission statement: We aim at becoming one of the most reputed fast food restaurants in